Sirus & XM merger

[RangerRick]

They finally got the deal worked out after 2 years of fighting the 2 damocraps that have been holding up the merger. Price has fallen to $1.38 as of today with a $3+ projection in the next year. They both have the new car market cornered and Sirus has the new backseat TV technology well on it's way. One of the board members just bought 20,000,000 and the CEO is waiting on Laywer aproval to make his move.

I bought 1000 shares a year ago thinking this deal would go down so I'm down some but as a serious "bottom feeder" of long standing am seriously considering picking up maybe 5000 more shares for some quick bucks. This stock is in the dirt "cheap" and seems like a no brainer. They are carrying debt due to the merger requirments but hell, the damocraps had to get their piece of the pie first. Any of you high finance types out there got any opinions on this.

???

Ranger Rick

[walls0stone]

Do you think the number of subscriptions regestered to unsold SUV's will effect the price? I personaly feel that so many other choices are coming, like radio on your Iphone, WiFi and low wave radio that is under the FCC and other regs, it will be intresting to see what happens with this. 3 bucks...eh, that's doable. But with all the choices comeing up....I wonder how many new people will subscribe.

[RangerRick]

Well, the CEO says no price hikes as his main goal is adding to the customer basis - duh, ya think. Personally I think they will be a major player into the future as their market are directed at a more mature and mobile user vs kids with ear phones but hey - buying stocks can be a crap shoot - at least until obummer damnation takes away capital gains and makes investments a tool of a bygone era.

Rick